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Jan 28, 2013
01/13
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MSNBC
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you had $1 trillion in tax increases with obama care. new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt that they won't be able to handle if we keep going down the path we are on. >> but there are certainly those in the white house who would take issue with what you said or might even say to use your own criticism that's a straw man argume argument. they were prepared to cut additional spending to be part of a bigger agreement that republicans weren't able to agree to. there is more room for spending cuts. it'
you had $1 trillion in tax increases with obama care. new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make...
67
67
Jan 27, 2013
01/13
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MSNBC
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eye 67
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the tax and spend and big government approach has always failed. so our job as conservatives is to make sure americans know that. and we need to show it with real people and real faces. >> but a lot of this we have to remind ourselves is about economic growth. what makes the economy grow, what gets people back to work, and what role does washington play in that? >> we know how to get out of tough times. we got out of the great depression by investing in what we wanted to be as a country, by investing in jobs rather than focusing on our fears. you know, i would push back and say that the big issues of this day also include marriage equality. they include comprehensive immigration reform. and right now when you look at joblessness in this country, you know, the country is back to pretty much where it was when this president started. white people in this country are doing a bit better. black folks are doing a full point worse. so with this president having said to us we need to invest in strategies to lift all boats, now that some boats are clearly mo
the tax and spend and big government approach has always failed. so our job as conservatives is to make sure americans know that. and we need to show it with real people and real faces. >> but a lot of this we have to remind ourselves is about economic growth. what makes the economy grow, what gets people back to work, and what role does washington play in that? >> we know how to get out of tough times. we got out of the great depression by investing in what we wanted to be as a...
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Jan 31, 2013
01/13
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MSNBC
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eye 100
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it's in the journal, which is that part of obama care allows caps on precipitation drug spending, and some unions, apparently, are just realizing this. and they're pushing back on the administration to make sure they don't have these caps, because they're saying, that's going to drive up our medical costs, our health care costs, more than we thought, which means, we're going to be less competitive in the marketplace. so according to the journal, the unions are pushing back on the obama administration about this cap. and they're asking for federal subsidies on top of their work insurance. >> all right. and let's talk about facebook now. they've just had a brutal year. but some pretty good news in the fourth quarter. >> hey, the stock is up 70%, 7-0, since september, joe. mobile ad revenue is up. that's what everyone wants to see. 70% the stock is up since september. mobile ad revenue up 23%, which is accelerating. look around the table, okay. mika with her iphone, iphone -- >> soon to be samsung. >> barnicle, you've got an abacus, i've got an iphone, but there's two laptops. that's the
it's in the journal, which is that part of obama care allows caps on precipitation drug spending, and some unions, apparently, are just realizing this. and they're pushing back on the administration to make sure they don't have these caps, because they're saying, that's going to drive up our medical costs, our health care costs, more than we thought, which means, we're going to be less competitive in the marketplace. so according to the journal, the unions are pushing back on the obama...
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Jan 28, 2013
01/13
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MSNBC
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eye 163
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downgrades, falling revenues and perpetual increases in mandatory spending. instead, the president is teeing up partisan legislative battles with republicans in hopes of -- but as a measurement of the president's seriousness, his second inaugural address can only be seen as a grand failure that missed yet another historic opportunity to call americans together in the name of shared sacrifice. and richard haass, there is another opportunity, which would be the state of the union which i'm sort of banking on. >> traditionally inaugurals are the poetry, and then the state of the union becomes the prose. and the president did not prepare for educate the american people about some of the tough decisions to come, particularly on medicare and medicaid. so the real question going forward for the state of the union is whether he essentially addresses that. and whether he -- because we've still got more than, i think, more than $2 trillion in serious cuts to be made to entitlements over the next decade. and we've done a lot of the tax. we really can't get there through
downgrades, falling revenues and perpetual increases in mandatory spending. instead, the president is teeing up partisan legislative battles with republicans in hopes of -- but as a measurement of the president's seriousness, his second inaugural address can only be seen as a grand failure that missed yet another historic opportunity to call americans together in the name of shared sacrifice. and richard haass, there is another opportunity, which would be the state of the union which i'm sort...
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Jan 28, 2013
01/13
by
KNTV
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eye 76
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and i must say post-election, president obama has become more aggre aggressive. military spending, they don't agree with what taxation should be, title, on and on and on. gun control, they don't agree. and on the other hand, you know, we have this sort of slow economy that makes it more difficult to cut a deal. and i should add to that, a constitutional crisis in a way because this whole debt ceiling has been a weapon that the house of representatives have used to gain power. it's not just the republicans versus the democrats. it's the house versus the president. i don't know how it the play out. >> meanwhile, the marketses are on fire. the s&p 500 hitting a new five-year high along with the dow jones industrial average. what is driving the stocks and do you think it's sustainable for the year? >> the part of it that i understand is that some of the risk has been pulled out of the market. so most recently that the u.s. has got three months before the next thing happening. some of the risks. and maybe just the election was determined and people aren't necessarily
and i must say post-election, president obama has become more aggre aggressive. military spending, they don't agree with what taxation should be, title, on and on and on. gun control, they don't agree. and on the other hand, you know, we have this sort of slow economy that makes it more difficult to cut a deal. and i should add to that, a constitutional crisis in a way because this whole debt ceiling has been a weapon that the house of representatives have used to gain power. it's not just the...
520
520
Jan 27, 2013
01/13
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CNN
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obama has also said investing as a synonym for spending. investing has to be investing. >> if we can't get behind a no-brainer like this, a public/private infrastructure bank, we have a real problem. this is leveraging, private capital, should be a no-brainer and it's ridiculous that it's contentious where the rubber meets the road. >> a no-brainer no matter what side you're on. christy thanks you so much. margaret and john, stop playing footsie. one man, two skis, multiple falls. richard quest is fresh off the bunny slope. he joins me next to discuss all things davos. ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> all right. richard quest joins me now. he is the host of "quest means business" on cnn international. a perennial all-st
obama has also said investing as a synonym for spending. investing has to be investing. >> if we can't get behind a no-brainer like this, a public/private infrastructure bank, we have a real problem. this is leveraging, private capital, should be a no-brainer and it's ridiculous that it's contentious where the rubber meets the road. >> a no-brainer no matter what side you're on. christy thanks you so much. margaret and john, stop playing footsie. one man, two skis, multiple falls....
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84
Jan 24, 2013
01/13
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CSPAN2
tv
eye 84
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president obama may talk about the need to rein in spending, although lately he has even rejected that, but his administration refuses to act, and instead the president started off hisec t doubling dn on what? the nee for mor taxes are the american people bei taxed toea? itotust the federal income tax. it's the ste tax a to it thealax it's the excise tax. it's the car tax. it's the alcohol tax. it is the excise tax. it is the tolls we pay as we travel down the highways. it is any number of things that add up to a burden of taxation on the american people that is severely hampering our ability to grow and our economy to provide the necessary employment and the necessary jobs for people so desperately in need of and looking for that work. while the president has problems community has. a recent survey of chief executives said they are considerably less optimistic about short-term growth prospects for their companies than they were just a year ago. the reason? uncertainty. the business community does not have confidence in the growth prospects for our country because there is little confi
president obama may talk about the need to rein in spending, although lately he has even rejected that, but his administration refuses to act, and instead the president started off hisec t doubling dn on what? the nee for mor taxes are the american people bei taxed toea? itotust the federal income tax. it's the ste tax a to it thealax it's the excise tax. it's the car tax. it's the alcohol tax. it is the excise tax. it is the tolls we pay as we travel down the highways. it is any number of...
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Jan 28, 2013
01/13
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CNBC
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eye 195
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and they don't agree about military spending. they don't agree about what taxation should be, on and on and on. gun control. they don't agree. and on the other hand, you know, we have this sort of slow economy that makes it more difficult to cut a deal. and i should add to that a constitutional crisis, in a way, because this whole debt ceiling has been a weapon that the house of representatives has used to gain power. it's not just the republicans versus the democrats. it's the house versus the president. >> meanwhile, these markets are on fire. another good week for the market. the s&p 500 hitting a new five-year high. what is driving stocks? and do you think it's sustainable for the year? some of the risk has been pulled out of the of the market. so the most recent is three months. some of the ris ks. and maybe just that the election isn't determined. maybe some are happy. some are, some aren't. but it's solved. markets don't like uncertainty. so even though it wasn't very likely the european union would fall apart, even though
and they don't agree about military spending. they don't agree about what taxation should be, on and on and on. gun control. they don't agree. and on the other hand, you know, we have this sort of slow economy that makes it more difficult to cut a deal. and i should add to that a constitutional crisis, in a way, because this whole debt ceiling has been a weapon that the house of representatives has used to gain power. it's not just the republicans versus the democrats. it's the house versus the...
52
52
Jan 26, 2013
01/13
by
CNN
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eye 52
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obama has also said investing as a synonym for spending. investing has to be investing. >> if we can't get behind a no-brainer like this, a public/private infrastructure bank, we have a real problem. this is leveraging, private capit capital, should be a no-brainer and it's ridiculous that it's continue tended where the rubber meets the road. >> a no-brainer no matter what side you're on. christy thanks you so much. margaret and john, stop playing footsie. one man, two skis, multiple falls. richard quest is fresh off the bunny slope. ♪ my friends are al ♪ my friends, they do surround me ♪ ♪ i hope this never ends ♪ and we'll be the best of friends ♪ ♪ all set? all set. [ male announcer ] introducing the reimagined 2013 chevrolet traverse, with spacious seating for up to eight. imagine that. >>> all right. richard quest joins me now. he is the host of "quest means business" on cnn international. a perennial all-star in davos. richard, give our viewers a look at what this place, davos, and the world economic forum is really like
obama has also said investing as a synonym for spending. investing has to be investing. >> if we can't get behind a no-brainer like this, a public/private infrastructure bank, we have a real problem. this is leveraging, private capit capital, should be a no-brainer and it's ridiculous that it's continue tended where the rubber meets the road. >> a no-brainer no matter what side you're on. christy thanks you so much. margaret and john, stop playing footsie. one man, two skis,...
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133
Feb 1, 2013
02/13
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CNBC
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eye 133
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let's cut spending. let's reform entitlements. let's get the deficit down. big picture stuff that never really surfaced in the obama administration. >> it absolutely didn't. and again, perhaps that's a reason the council is going away. the recommendations that -- the big picture items that the council recommended were never really adopted by the obama administration, never pursued, despite the fact that these are people the president appointed and had significant business experience. and somebody again that would lend credibility to us as republicans and democrats in congress as a way to come together to get this country's economy moving. in my view, the situation has not changed. in fact, as we saw by the numbers you just reported, the lack of jobs, the slowing of the economy are still here, perhaps getting more evidence that things are going in the wrong direction, not the right direction. and all the more reason to have something to coalesce around the darn partisanship of washington, d.c. and the differences between congress. and i could say every time i
let's cut spending. let's reform entitlements. let's get the deficit down. big picture stuff that never really surfaced in the obama administration. >> it absolutely didn't. and again, perhaps that's a reason the council is going away. the recommendations that -- the big picture items that the council recommended were never really adopted by the obama administration, never pursued, despite the fact that these are people the president appointed and had significant business experience. and...
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Jan 24, 2013
01/13
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FBC
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eye 65
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the best part of the plan is limiting spending and taxes to 18% of gdp. that's the debate in america right now is are we going to go with barack obama plan of 25% or more of gdp consumed by government or go back to a reasonable, historical 18% that mr. lee proposed. melissa: dennis, what do you think of that? automatically limit spending to 18% of gdp, currently, 23%, a billion dollars to shave off. >> we don't need gimmicks. we need guts. we don't need politicians claiming things are meaningful when they are not. 18% of gdp, you cut over a trillion dollars a year from the budget for ten years. melissa: right. >> rather than filing a bill saying someone else should do this, put out a budget, if you're a senator, budget that cuts a trail dollars from this year's budget. cut it from defense, discretionary, medicare, social security, step up, lay out your actual cuts. the problem we have isn't that we don't have enough gimmicks like the budget amendment. we got plenty of gimmicks. we don't have guts. are you going to cut medicare by that amount, or social se
the best part of the plan is limiting spending and taxes to 18% of gdp. that's the debate in america right now is are we going to go with barack obama plan of 25% or more of gdp consumed by government or go back to a reasonable, historical 18% that mr. lee proposed. melissa: dennis, what do you think of that? automatically limit spending to 18% of gdp, currently, 23%, a billion dollars to shave off. >> we don't need gimmicks. we need guts. we don't need politicians claiming things are...
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Jan 29, 2013
01/13
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FBC
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eye 936
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he served as an advocate for president obama spending increases on highways, bridges and transport facilities. it continues. i will be curious to see who takes that spot. it will be tough with the challenges ahead. credit card users bracing for a new swipe fee. we will tell you why small businesses may be the biggest loser on this one. melissa: lou dobbs coming up as president obama gets set to pitch his immigration plan. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lif
he served as an advocate for president obama spending increases on highways, bridges and transport facilities. it continues. i will be curious to see who takes that spot. it will be tough with the challenges ahead. credit card users bracing for a new swipe fee. we will tell you why small businesses may be the biggest loser on this one. melissa: lou dobbs coming up as president obama gets set to pitch his immigration plan. ♪ >> announcer: you never know when, but thieves can steal your...
56
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Jan 31, 2013
01/13
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FBC
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eye 56
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, which is what barack obama said in his inaugural speech last week and we have to continue bring down defense. if we can do that and raise a little bit of revenue i think we can make significant progress on getting debt under control. melissa: steve, last word. real quick. we don't have time. >> of course health care entitlements are the big problem. simon why did we create a new trillion dollar health care entitlement? that didn't make a lot of sense. we can't afford it. when you talk about negatives for the economy i think obamacare is one of them. >> i will come back and debate that in the future. melissa: thanks to all three of you coming on. hope you come be ba. you're all fantastic. >>> time for the fuel gauge report. mixed economic data from the u.s. and europe led to choppy oil trading futures. it managed to rise for the third straight session, now at the highest level since mid-september, settling 97.94 a barrel. >>> more than a thousand commercial barges are backed up on the mississippi river. oil is still leaking from two barges that slammed into a bridge near vicksburg, mi
, which is what barack obama said in his inaugural speech last week and we have to continue bring down defense. if we can do that and raise a little bit of revenue i think we can make significant progress on getting debt under control. melissa: steve, last word. real quick. we don't have time. >> of course health care entitlements are the big problem. simon why did we create a new trillion dollar health care entitlement? that didn't make a lot of sense. we can't afford it. when you talk...
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127
Jan 31, 2013
01/13
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CNBC
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spending cuts. but you know what? the private economy did well up 3.4%. it was the government economy that fell. i would like to see us finishing the spending cuts of the government. shrink the government more. grow the private economy by 5%. that is my vision. now there is more bad news for new jersey senator bob menendez as the fbi raids the offices of one of his close financial backers. will it present key evidence in the alleged prostitution scandal surrounding the senator. it's all unconfirmed but the potential legal fallout is huge. >>> israel takes no chances. the air force launches two air strikes in syria preventing the assad regime from transporting chemicals and weapons of mass destruction to hezbollah. if the red line is crossed israel will attack again. we cover it all. "the kudlow report" begins now. first up we learned today the fourth quarter gdp fell slightly, much to everybody's surprise. so the white house is blaming republicans for the fiscal tax cliff and the spending sequester
spending cuts. but you know what? the private economy did well up 3.4%. it was the government economy that fell. i would like to see us finishing the spending cuts of the government. shrink the government more. grow the private economy by 5%. that is my vision. now there is more bad news for new jersey senator bob menendez as the fbi raids the offices of one of his close financial backers. will it present key evidence in the alleged prostitution scandal surrounding the senator. it's all...
143
143
Jan 24, 2013
01/13
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CSPAN2
tv
eye 143
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even president obama agreed to spending cuts the last time he asked for an increase in the debt limit. now he says he wants an increase without any effort to reduce future spend lings. of course we all remember that when he was a senator he spoke out against raising the debt limb. he once called the need to increase the debt limit -- quote -- "a failure of leadership." that was then. this is now. the white house has floated gimmicks like issues ain issuin. now the president won't negotiate responsible spending at all. his policies the past four years have buried our children and grandchildren under a mountain of debt. america needs real budget reform but president obama insists on playing politics with our country's credit rating. hard 4hardworking american taxps need to balance their budgets. they understand what the president does not. the president bragged in his press conference last week that quotes it's been a busy and productive four years and i expect the same for the next four years." well, it looks like he means that we can count on for your years -- count on four more years
even president obama agreed to spending cuts the last time he asked for an increase in the debt limit. now he says he wants an increase without any effort to reduce future spend lings. of course we all remember that when he was a senator he spoke out against raising the debt limb. he once called the need to increase the debt limit -- quote -- "a failure of leadership." that was then. this is now. the white house has floated gimmicks like issues ain issuin. now the president won't...
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78
Jan 26, 2013
01/13
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CSPAN
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eye 78
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in spending, the expansion of the government. or to put it in a more abstract and grand was the difference between federal and state which was tilting more toward state. when the question is put that way, the country shows itself to be center-right country. had republicans been able to duplicate those conditions, that framework in 2012, they would have won. but it is not the same election. 2010 is almost purely ideological election. perhaps the most ideological since 1980. then you get to 2010, when you have a personality involved and you have a figure represents one side. romney is a good man. i like him. i think he is an honorable man, and i think he would have made an excellent president. but he was a bad candidate particularly in an election that could have been one had been an election about ideas and philosophy. i think it would have been easily won had been about ideas and philosophy. but he was not the math -- he was not the best man on our side to make that case. secondly, he decided not to make the case either way and t
in spending, the expansion of the government. or to put it in a more abstract and grand was the difference between federal and state which was tilting more toward state. when the question is put that way, the country shows itself to be center-right country. had republicans been able to duplicate those conditions, that framework in 2012, they would have won. but it is not the same election. 2010 is almost purely ideological election. perhaps the most ideological since 1980. then you get to 2010,...
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96
Jan 28, 2013
01/13
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CSPAN
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eye 96
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exhibit a, obama is upside down in his approval ratings on every economic usher. it is accepted wisdom that he had a negative job approval on handling the economy, taxes, unemployment, spending, gas prices. we are not the only people who knew that. chicago knew that, too. they were good to do something about that. then it was, about 42%. romney has been a job creator. he has made things. he has balanced budgets. he has hired and fired people. he will take a business experience and put it to washington. a couple things wrong with that. one is, the economy by itself, romney and obama were 43 and 44% each. you need 51% or above to win. the obama people kept adding points for women, immigration, hurricane sandy. they were able to get their realization that economy may be most important,, but it is not the only thing. you only had to choose one candidate, you do not have to choose one issue. where do people who believe in free well, human reason, intelligence and your ability and have issues that are important to you. now republicans dealing with fiscal cliff and debt
exhibit a, obama is upside down in his approval ratings on every economic usher. it is accepted wisdom that he had a negative job approval on handling the economy, taxes, unemployment, spending, gas prices. we are not the only people who knew that. chicago knew that, too. they were good to do something about that. then it was, about 42%. romney has been a job creator. he has made things. he has balanced budgets. he has hired and fired people. he will take a business experience and put it to...
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115
Jan 25, 2013
01/13
by
CNBC
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eye 115
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obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little bit short of expectations at 21.46 billion dollars. eps a penny better at 76 cents. microsoft says when you count deferred revenue thing are actually a little bit better than that. a couple of highlights. windows, the windows group did better than expected at 5.8 billion in revenue. the business division did a little shy at 5.7. now jane wells has a little bit on starbucks, another big company. jane? >> reporter: john, shares have been up after hours. they were up over 3% at one point. starbucks reported its best holiday ever, best earnings per share ever at 57 cents. improving operator margins to 16.6%. stronger comp sales in the u.s. and china and
obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little bit short of expectations at 21.46 billion dollars. eps a penny better at 76 cents. microsoft says when you...
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104
Jan 24, 2013
01/13
by
CNN
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eye 104
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cuts and the obama administration is not going to give it to them. and you are going to watch the u.s. do crazy, crazy things this year. >> if you are right on those crazy, crazy things, then the rest of us are in for a dreadful, dread full time? >> dreadful. it is going to be so strange for the richest country on earth to cross their arms and say i'm not paying. imagine crossing your arms. you are going to see it this year. >> reporter: now, we have been asking our guests here for the riskometer. on this side we have is the u.s. a bigger threat to global growth in 2013. on this side the e.u. lutnic thinks the u.s. is by far the bigger. as you look overall most people still seem to believe europe is the biggest threat in 2013. by the way, speet tweet me wher think the biggest threat is. >> very official looking. did you make that yourself? >> don't you mock it? it works and it is doing a good job. >> we will have people tweet you and see what they feel about all of this but a lot of power players weighing in on whether or not there is greater risk he
cuts and the obama administration is not going to give it to them. and you are going to watch the u.s. do crazy, crazy things this year. >> if you are right on those crazy, crazy things, then the rest of us are in for a dreadful, dread full time? >> dreadful. it is going to be so strange for the richest country on earth to cross their arms and say i'm not paying. imagine crossing your arms. you are going to see it this year. >> reporter: now, we have been asking our guests...
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56
Feb 1, 2013
02/13
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CSPAN2
tv
eye 56
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to swallow spending cuts. it worked, but it is terribly damaging to the nation's economy and their political capital. with something like 90% in august of 2011 and they recognize this is a bad idea. thing is a pretty bad idea of a downgrade for the first time. they didn't want to do that again, but they didn't want to vote for a thicker national debt either. that doesn't care what their philosophy to pick them up with a strategy and in the meantime we want the senate to pass a budget for 2014 and the law says if either chamber fails a budget, paychecks will be docked. the whole idea is to postpone the economy default situation until the prosecutor at the continuing fight over taxes and then made to a point where both sides are satisfied in the debt limit can be raised again. >> how a template of a increasing the deficit in effect the economy and financial markets? >> where do you know the answer. it's sort of jan at the bill and i went to expect this. when initially proposed, some analysts say it's for uncerta
to swallow spending cuts. it worked, but it is terribly damaging to the nation's economy and their political capital. with something like 90% in august of 2011 and they recognize this is a bad idea. thing is a pretty bad idea of a downgrade for the first time. they didn't want to do that again, but they didn't want to vote for a thicker national debt either. that doesn't care what their philosophy to pick them up with a strategy and in the meantime we want the senate to pass a budget for 2014...
369
369
Jan 25, 2013
01/13
by
CNBC
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eye 369
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on gdp is an okay number because i've increased entitlements for obama care, i've done other things where i've increased entitlements. i want to bring tax revenues up to 25%. i don't want to meet at 18 or 20 like we've had for so long, would that be okay with you if it was 25%? would that be anti-growth for the private sector? >> my view is you should decide -- what is it you think the government should do. you don't pick a number. you pick a -- >> so -- >> the aging of the population in the u.s. implies that the correct number of white -- >> -- hire -- >> -- is going to change over time because if you say i think the government should be helping people with their retirement through a social insurance like social security then it means the government size number is going to change over time, not just a fixed number. >> but if you look back at the last 60 years the average has been around 22%. >> so yes, if you try to fix it at 22% you're implicitly saying i'm going to pretend like the aging of the population is not happening. so i'm going to fix it, the spending levels at what they
on gdp is an okay number because i've increased entitlements for obama care, i've done other things where i've increased entitlements. i want to bring tax revenues up to 25%. i don't want to meet at 18 or 20 like we've had for so long, would that be okay with you if it was 25%? would that be anti-growth for the private sector? >> my view is you should decide -- what is it you think the government should do. you don't pick a number. you pick a -- >> so -- >> the aging of the...
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Jan 29, 2013
01/13
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so you want to get reimbursed for spending a lot of money to develop them. but then again, we all have this problem with keeping health care costs down and obama care wants generic competition for biologics. what's the right road to take there? >> you know, joe, we've been in this industry for over 135 years. for us, we've taken a focus and we pursue both small molecule as well as bioological routes to address some of the most oppressing diseases out there. if you take alzheimer's, we have the biologic but we have a base inhibitor in phase two -- >> would you pay a lobbyist, would you get lobbyists for eli lilly to try to make it that you don't have to have generic competition for biologics, is that something eli lilly would do, or do you go along with it? >> well, remember, in the affordable care act we did get an extension in terms of data protection, as we should be, to at least 12 years. we believe that's very important for us to have a reasonable period to generate return on investment that we make in r&d. we still are the industry that invests the most
so you want to get reimbursed for spending a lot of money to develop them. but then again, we all have this problem with keeping health care costs down and obama care wants generic competition for biologics. what's the right road to take there? >> you know, joe, we've been in this industry for over 135 years. for us, we've taken a focus and we pursue both small molecule as well as bioological routes to address some of the most oppressing diseases out there. if you take alzheimer's, we...
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Feb 1, 2013
02/13
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they tried in 2011 to use the debt limit as a lynch -- leverage point to force obama to swallow spending u cuts. it worked but -- [inaudible] to something like 9%. and they recognize that it was a bad idea. i mean, gambling with the credit of the united it turned out is a bad idea. we were downgraded for the first time in nation's history. they department want to do that again. like i said, i didn't want to vote for a bigger national debt either. that doesn't fit with their philosophy. they came up with the strategy of saying we're going us is fend. and in the meantime, they want the senate to pass a budget for 2014 and the law salses that -- says that if either chamber fails to adopt a budget by april 15, the paychecks will be docked. the idea of the thing is to postpone the sort of economy raddling default situation until they can prosecute the continuing fight over taxes and spending to a point where, you know, both are satisfied and the debt limit can be raised again. >> economy ragging hue will the temporary delay affect the economy and the financial markets? >> you already know the
they tried in 2011 to use the debt limit as a lynch -- leverage point to force obama to swallow spending u cuts. it worked but -- [inaudible] to something like 9%. and they recognize that it was a bad idea. i mean, gambling with the credit of the united it turned out is a bad idea. we were downgraded for the first time in nation's history. they department want to do that again. like i said, i didn't want to vote for a bigger national debt either. that doesn't fit with their philosophy. they...
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Jan 28, 2013
01/13
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, in addition to the tax increases that are comes into play, the obama care tax increase and increase on incomes higher than $400,000 a year in earnings, you know, that's going to create some drag. but, you know, i get a sense, kelly, when we do our own analysis at hamilton play strategies, we think that the u.s. economy will be able to power through that this year, even with the -- even with the drag. so, you know, solid growth, but certainly not matching some of the euphoria that we've seen in the last couple of months. >> it's extraordinary because if you say this is a 1.5% drag which is roughly some of the estimates i've seen lately on this and where gdp is almost in the 2.5% range that would suggest we're somewhere in the growth of 1.4%. you could understand why markets are doing better. but unfortunately the what could have or should have doesn't matter too much. if it's the opposite, it will be are reminder of how growth was in the fourth quarter. >> i think the ee zester and the tax increases will take the top off of growth. i think we would have been looking at a very good ye
, in addition to the tax increases that are comes into play, the obama care tax increase and increase on incomes higher than $400,000 a year in earnings, you know, that's going to create some drag. but, you know, i get a sense, kelly, when we do our own analysis at hamilton play strategies, we think that the u.s. economy will be able to power through that this year, even with the -- even with the drag. so, you know, solid growth, but certainly not matching some of the euphoria that we've seen...
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Jan 24, 2013
01/13
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in parma, ohio, i met a retired autoworker who was spending his newfound r and r time coming into the local ofa office every single day. he knew president obama had fought for him and for so many other hard working americans by rescuing the automobile industry, and he wanted to be sure that he return ored the favor. in every corner of the country from sarasota to milwaukee, from seattle to cincinnati, i met so many truly amazing individuals who were proud to come up to me and say they were casting the first vote of their lives, and it was a vote for president obama. it became clear that for so many people and in so many different ways this election was personal. and it was personal for me too both as a mom raising three kids and as a breast cancer survivor. because we succeeded in reelecting our president, millions of americans across the country will no longer be denied coverage because of their pre-existing conditions. [cheers and applause] never again. and that is very personal for all the people whose lives will be saved because they will be able to have health insurance to fight
in parma, ohio, i met a retired autoworker who was spending his newfound r and r time coming into the local ofa office every single day. he knew president obama had fought for him and for so many other hard working americans by rescuing the automobile industry, and he wanted to be sure that he return ored the favor. in every corner of the country from sarasota to milwaukee, from seattle to cincinnati, i met so many truly amazing individuals who were proud to come up to me and say they were...
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Jan 25, 2013
01/13
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it's humbly to hear before you in this new role as president obama's nominee for secretary of state, but my approach to this role, if confirmed, is also deeply informed by the 28-plus years that i have been privileged to spend in the senate. that perspective will remain with me, if confirmed, as secretary. thei'm already excited by many ways that we can work together and in which we must work together. in order to advance america's security interests in a complicated and ever more dangerous world. i would add that i'm particularly aware that in many ways the greatest challenge to america's foreign policy will be in your hands, not mine, because while it's often said that we can't be strong at home if we're not strong in the world, if these days of fiscal crisis and as a recovering member of the supercommittee, i am especially cognizant of the fact that we can't be strong in the world unless we're strong at home. and the first priority of business, which will affect my credibility as a diplomat and our credibility as a nation, as we work to help other countries create order, the first
it's humbly to hear before you in this new role as president obama's nominee for secretary of state, but my approach to this role, if confirmed, is also deeply informed by the 28-plus years that i have been privileged to spend in the senate. that perspective will remain with me, if confirmed, as secretary. thei'm already excited by many ways that we can work together and in which we must work together. in order to advance america's security interests in a complicated and ever more dangerous...
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Jan 24, 2013
01/13
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, that there is going to be far more taken in greater taxes for the wealthy and far less in spending cuts because that is the cret rick? >> difficult to predict. here is where we are right now. in terms of what has been enacted in 2011 and 2012, we are more than half way, hand this is conservative, i think, more than halfway to the so-called $4 trillion level. of that -- of that effort in 2011 and 2012, what has already been inenacted in terms of savings, it's a -- disproportionately weighed on spending cuts, about 72-28. we need more spending cuts, without a doubt we need that i think we have got to try to make sure we get the balance right r >> just ask you one more question, sir, do you think there is a risk that president obama wastes his political capital in the view of most americans? i mean, the rest of the world is here issing, climate change and carpet emissions in the inaugural speech but not what most americans seem most to care about. it's usually jobs and growth. >> it's difficult for me to analyze that, from a political perspective, but i will say this. i think what wil
, that there is going to be far more taken in greater taxes for the wealthy and far less in spending cuts because that is the cret rick? >> difficult to predict. here is where we are right now. in terms of what has been enacted in 2011 and 2012, we are more than half way, hand this is conservative, i think, more than halfway to the so-called $4 trillion level. of that -- of that effort in 2011 and 2012, what has already been inenacted in terms of savings, it's a -- disproportionately...
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Jan 30, 2013
01/13
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1, avoiding sharp tax increases and across the board government spending cuts. the chairman of the senate judiciary committee sent in his prepared statement that closing loopholes in the background check system for gun purchases will not run firearm owners said mmm rights to own a gun and is a matter of common sense. after the killing of student and staffers in connecticut it is time to stop recriminations on the subject. the senator says the background checks would mean a strengthening by law anyone buying a gun from a licensed dealer must have a background check infected killers and people with mental problems barred from purchases. the senate judiciary committee hearing on guns begins it 10:00 eastern time. here is live on c-span radio or watch live on c-span. those are some of the latest headlines on c-span radio. >> it is clear to be a good bill on civil rights. can you get him to agree to come on with you? or is he going to try to keep from passing it? think we have to get a whip out. >> lbj and chief congressional aide larry o'brien strategizing. here it
1, avoiding sharp tax increases and across the board government spending cuts. the chairman of the senate judiciary committee sent in his prepared statement that closing loopholes in the background check system for gun purchases will not run firearm owners said mmm rights to own a gun and is a matter of common sense. after the killing of student and staffers in connecticut it is time to stop recriminations on the subject. the senator says the background checks would mean a strengthening by law...
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Jan 31, 2013
01/13
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president obama is allowing his jobs council to expire. the 2-year-old council including business and labor leaders. ge's jeff immelt chaired it and met with the president four times. the last time more than a year ago. the white house cites visa processing retrofitting government buildings with energy efficient technology and fast track review for infrastructure. the republicans claim the president ignored the group's recommendation, treating it as a nuisance than a vehicle that spurred job creation. back to you. ashley: now it no longer exists. rich edson, thank you so much. appreciate it. tracy: they will need a job. coming up one beer combination leaving regulators with a skunky aftertaste. ashley: yuk. plus is the eurozone destinned to self-destruction? heritage foundation's nile gardiner weighs in ahead. why he says america needs to pay very close tanks. first as we do now every day let's take a look how oil is trading. it was, seemed like it was going to hit the 100 dollar level. down half a percent on the day at 97.43. this is $100
president obama is allowing his jobs council to expire. the 2-year-old council including business and labor leaders. ge's jeff immelt chaired it and met with the president four times. the last time more than a year ago. the white house cites visa processing retrofitting government buildings with energy efficient technology and fast track review for infrastructure. the republicans claim the president ignored the group's recommendation, treating it as a nuisance than a vehicle that spurred job...
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Jan 31, 2013
01/13
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and i think, what a bunch of crap. >> did obama say it was the republicans' fault? i saw that. >> i didn't see that. but these are the kinds of things, look at gdp. you can see why it fell. but then people go beyond that and ask it in some femetaphysic way. the dividend fell under pressure. but when you look at what was beyond the gdp components, we had a nice spice in consumer durables. some of that was people buying cars after the storm and so they're spending insurance company money. you had a light increase in inventory compared to the first quarter. that takes some of gdp away. you know you're not going to have that consumer spending for consierms going forward. you have declines in both exports and imports and that had a solid impact on gdp. but you have to be concerned about what's going to happen with exports and, of course, st weak imports. you have to be concerned about that being weak. they're not negative year over year yet, but the flows have slowed down and having declining exports and imports really a bad sign for the economy. i look at the things tha
and i think, what a bunch of crap. >> did obama say it was the republicans' fault? i saw that. >> i didn't see that. but these are the kinds of things, look at gdp. you can see why it fell. but then people go beyond that and ask it in some femetaphysic way. the dividend fell under pressure. but when you look at what was beyond the gdp components, we had a nice spice in consumer durables. some of that was people buying cars after the storm and so they're spending insurance company...
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Jan 24, 2013
01/13
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FOXNEWS
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this role, if confirmed, is also deeply informed by the 28-plus years that i have been privileged to spend in the senate. that percent specht tiff will remain with me if confirmed as secretary. and i'm already excited by the many ways that we can work together, and in which we must work together in order to advance america's security interests in a complicated and ever more dangerous world. i would add that i'm particularly aware that in many ways the greatest challenge to america's foreign policy will be in your hands, not mine, because while it's often said that we can't be strong at home if we're not strong in the world, in these days of fiscal crisis, and as a recovering member of the super committee, i am especially cognizant of the fact that we can't be strong in the world unless we're strong at home. and the first priority of business, which will affect my credibility as a diplomat, and our credibility as a nation, as we work to help other countries create order, the first priority will be that america at last puts its own fiscal house in order. i really can't emphasize to you enoug
this role, if confirmed, is also deeply informed by the 28-plus years that i have been privileged to spend in the senate. that percent specht tiff will remain with me if confirmed as secretary. and i'm already excited by the many ways that we can work together, and in which we must work together in order to advance america's security interests in a complicated and ever more dangerous world. i would add that i'm particularly aware that in many ways the greatest challenge to america's foreign...
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Feb 1, 2013
02/13
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the measure postpones spending and tax cuts for at tleeft two months. the obama administration's decision on the keystone oil pipeline won't be made until at least june. that's according to a u.s. officials. the projects has been pending for more than 4 1/2 years. of course, we've had lots of debate about the pipeline even here around this table. >> let's check on the markets this morning. the futures are probably going to be what steady as we go. we'll see what happens at 8:30. but not bad so far. that would be getting back almost exactly what we lost yesterday. we lost about 49 points. and there's a lot of -- it was a great january, but then got that gdp number. we're warning, does it necessarily mean that the market has been wrong about the economy? or was it the one off and was it, you know, some special factors that caused that shrinkage and does it get revised back up and subsequent reports? i've heard a lot of places. this is the best negative gdp report. >> well, if you're going to have to pick a negative one, this would be it. >> but there was
the measure postpones spending and tax cuts for at tleeft two months. the obama administration's decision on the keystone oil pipeline won't be made until at least june. that's according to a u.s. officials. the projects has been pending for more than 4 1/2 years. of course, we've had lots of debate about the pipeline even here around this table. >> let's check on the markets this morning. the futures are probably going to be what steady as we go. we'll see what happens at 8:30. but not...